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Making the Right Choice When Looking for an Online Sports Betting Agency
Are you considering signing up with an online sports betting company? If so, are you a newbie at sportsbook gaming? Or, are you perhaps an old hand at navigating your way around wagering on different sports?
The rise of the Internet or the digital age has led to an increase in the number of existing bookmakers moving online as well as an increase in the numbers of specialist online sports betting companies opening. 2017 global statistics show that the online gambling market was worth 45.8 billion US dollars, and current trends show that the digital gaming industry will be worth 94.4 billion US dollars in 2024.
At the outset of this article, it is essential to note that sports betting is a sub-category of the gambling industry, both online and traditional gambling. However, US sports betting trends show that the market is expected to reach $8 billion (USD) by 2025. Clearly, it’s a fast-growing industry with online sports betting taking the majority stake of this revenue.
Sports Betting: A succinct history
The concept of placing wagers on the outcome of sporting events like boxing matches, horse racing, and wrestling matches has been around since the Roman Empire. Bets were placed on the outcomes of the events like chariot races, gladiatorial combat matches, and horse races at the circus.
Sports bettors either place their bets legally through a bookmaker or sportsbook. Or, they place illegal bets though a private enterprise usually run by an organized crime syndicate.
Sports betting companies first started operating online in the 1990s. And, they have steadily increased in popularity with the increase of the number of people who have access to the internet.
What to look for when choosing a digital sports betting company
Thus, for many reasons, including the ability to place bets from anywhere in the world at any time of the day or night, it makes sense to consider online sports betting over heading down to the local brick and mortar bookmaker.
While the reasons for moving to online gaming might be apparent, it is not always so easy to choose the best online company to suit your requirements. Therefore, let’s look at what to consider when making your decision:
Online sports betting companies use welcome bonuses like the Nairabet bonus to attract new customers. There are always terms and conditions attached to these bonuses. Consequently, it is vital to ensure that you read the fine print before accepting the bookmaker’s welcome bonus.
The number of different sports offered
Because the digital world is a global environment, sports betting companies are not restricted in what sports they add to their sportsbook. As a result, some bookmakers offer a wide range of different games to wager on. In contrast, others choose to specialize in a particular sport that is played around the world like horse racing or cricket Twenty20 league tournaments.
The company’s legitimacy
Because the global online world is largely unregulated, it is not hard for a hacker or fraudulent company to open up a fake site and disappear with their client’s opening deposits.
Thus, before you transfer any money to the bookmaker, it’s vital to check whether they are legitimate or not. The simplest ways to verify the legitimacy of an online bookmaker is to consider the following:
- Read online reviews about the brand
- Check whether they ask for the KYC (Know Your Customer) documentation before allowing you to gamble
- Examine their website to determine whether it is well-constructed, easy-to-use, with clear and concise text.
In summary, it is better to err on the side of caution and look at another site should you have any concerns. Otherwise, you run the risk of losing your initial deposit.